Though Nash games are noncooperative, a cooperative outcome is more likely if
A. firms can easily monitor the outcomes from cooperation.
B. firms can easily monitor the outcomes from rivals' defection.
C. firms expect the market relationship to last only for a short time.
D. the long-run gains are smaller than the short-run gains.
Answer: A
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When money serves as a store of value, it allows you to
A) transfer wealth into the future. B) eliminate a double coincidence of wants. C) be an effective negotiator. D) find good bargains.
Between 1980 and 2008 recycling in the United States has
a. decreased by less than 2%. b. increased by less than 2%. c. doubled. d. tripled.
Which one of the following would not shift the aggregate demand curve?
A. A change in the price level. B. Depreciation of the international value of the dollar. C. A decline in the interest rate at each possible price level. D. An increase in personal income tax rates.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90